Senator Sherrod Brown thinks banning crypto could be an option for addressing all of the technology’s related risks.
U.S. Senator and chairman of the Senate Banking Committee, Sherrod Brown , spoke on Sunday about what actions regulators need to take after the implosion of FTX.
However, he claimed the FTX collapse represents just one large part of the dangers of crypto, which includes Ponzi schemes, poor consumer protections, and national security threats. Among those threats are “Korean cybercriminals,” “drug trafficking,” “human trafficking,” and terrorist financing. Todd asked Brown if he thought the regulatory approach may be giving an inappropriate green light to a technology that ought to be banned entirely.
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